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Cryptocurrencies Price Prediction: Ethereum, Cryptos & EOS – American Wrap 16 May

Cryptocurrencies Price Prediction: Ethereum, Cryptos & EOS – American Wrap 16 May
FXStreet TeamFXStreet TeamFXStreet

Crypto market close to a top, with the possibility of a slight decline

Over the past seven days, the cryptocurrency market has ranged between $3.26 trillion and $3.30 trillion, reaching $3.33 trillion as of writing after recovering from the lower end of the range. Among the leading cryptocurrencies over the past day are EOS (+11.7%) and Aave (+8.5%). Among the outsiders are XPR and Monero, which showed a decline of 1%.

 

Is Ethereum's comeback real?

Ethereum (ETH) is making a comeback after months of underperformance. At the time of writing on Friday, it hovers above$2,500 after soaring nearly 100% since early April's bottom.

EOS price climbs as sentiment improves following $3 million purchase by President Trump's World Liberty Financial

EOS edges 9% higher, trading around $0.85 on Friday, while prices consolidate in the broader cryptocurrency market. The surge in EOS, rebranding to Vaulta to drive a Web3 banking network, comes amid improved sentiment bolstered by United States (US) President Donald Trump's World Liberty Financial buying the token.

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